Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
The notification exempts specified inter-State supplies of goods from integrated tax under the Integrated GST Act, superseding the earlier 2017 notification and coming into force on 22 September 2025. A detailed Schedule lists exempt tariff chapters/items-primarily live animals, meats, fish, dairy, eggs, many fruits, vegetables, cereals, seeds, feeds, salts, certain medical drugs (Annexure I), indigenous handmade musical instruments (Annexure II), and numerous other agricultural, food, religious and essential goods-with definitions for "unit container", "pre-packaged and labelled" and "Government entity" and an instruction to apply Customs Tariff interpretive rules where applicable.
The notification exempts specified inter-State supplies of goods from integrated tax under the Integrated GST Act, superseding the earlier 2017 notification and coming into force on 22 September 2025. A detailed Schedule lists exempt tariff chapters/items-primarily live animals, meats, fish, dairy, eggs, many fruits, vegetables, cereals, seeds, feeds, salts, certain medical drugs (Annexure I), indigenous handmade musical instruments (Annexure II), and numerous other agricultural, food, religious and essential goods-with definitions for "unit container", "pre-packaged and labelled" and "Government entity" and an instruction to apply Customs Tariff interpretive rules where applicable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
